Discuss the jurisdiction of Debt Recovery Tribunal as per section 179 (2) of the IBC, 2016.
CS Professional · Corporate Restructuring, Insolvency, Liquidation & Winding-up · PYQS · December 2021
Discuss the jurisdiction of Debt Recovery Tribunal as per section 179 (2) of the IBC, 2016.
Answer & Explanation:
Section 179(2) of the Insolvency and Bankruptcy Code, 2016 provides that the Debt Recovery Tribunal shall, have jurisdiction to entertain or dispose of - any suit or proceeding by or against the individual debtor; any claim made by or against the individual debtor; any question of priorities or any other question whether of law or facts, arising out of or in relation to insolvency and bankruptcy of the individual debtor or firm under this Code.
Topics: Insolvency and Bankruptcy Code, 2016
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